Abstract: Bidding is a very important business function to find
latent contractors of construction projects. Moreover, bid markup is
one of the most important decisions for a bidder to gain a reasonable
profit. Since the bidding system is a complex adaptive system, bidding
agent need a learning process to get more valuable knowledge for a bid,
especially from past public bidding information. In this paper, we
proposed an iterative agent leaning model for bidders to make markup
decisions. A classifier for public bidding information named PIBS is
developed to make full use of history data for classifying new bidding
information. The simulation and experimental study is performed to
show the validity of the proposed classifier. Some factors that affect
the validity of PIBS are also analyzed at the end of this work.